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Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Future Enterprises standalone net profit rises 615.37% in the June 2016 quarter

Sep 14,2016

Net profit of Future Enterprises rose 615.37% to Rs 315.48 crore in the quarter ended June 2016 as against Rs 44.10 crore during the previous quarter ended June 2015. Sales declined 67.64% to Rs 921.19 crore in the quarter ended June 2016 as against Rs 2846.84 crore during the previous quarter ended June 2015.

ParticularsQuarter Ended
n++Jun. 2016Jun. 2015% Var.
Sales921.192846.84-68
OPM %24.969.91-
PBDT295.07184.1360
PBT142.3249.92185
NP315.4844.10615

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Rane (Madras) to consider interim dividend for FY 2017
Jan 18,2017

Rane (Madras) announced that the board of directors at their meeting scheduled to be held on 23 January 2017, inter alia, proposes to consider interim dividend, if any, for the financial year 2016-17 and to fix record date thereof.

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Kallam Spinning Mills fixes record date for sub-division of shares
Jan 18,2017

Kallam Spinning Mills has fixed 03 February 2017, as the record date for the purpose of sub-division of Equity Shares of the Company from Face Value of Rs. 10/- each to Face Value of Rs. 2/- each.

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Datamatics Global Services wins CIO CHOICE 2017 Honor & Recognition
Jan 18,2017

Datamatics Global Services has received the CIO CHOICE 2017 Honor & Recognition title in 3 categories of Document Management Services, Business Intelligent Solutions and Emergent Technology.

The Company has been recognised for second consecutive year for its Document Management Services and Business Intelligent Solutions.

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ITC allots 47,52,480 equity shares
Jan 18,2017

ITC announced that the Company on 18 January 2017 issued and allotted 47,52,480 Ordinary Shares of Re. 1/- each, upon exercise of 4,75,248 Options by Optionees under the Companys Employee Stock Option Schemes.

Consequently, with effect from January 18, 2017, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 1212,61,14,461/- divided into 1212,61,14,461 Ordinary Shares of Re. 1/- each.

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Oil & Natural Gas Corpn fixes record date
Jan 18,2017

Oil & Natural Gas Corpn announced that the Company has fixed 08 February 2017 as the Record Date for the purpose of Payment of Second Interim Dividend, if any.

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Oil & Natural Gas Corpn fixes record date for 2nd interim dividend
Jan 18,2017

Oil & Natural Gas Corpn announced that the Company has fixed 08 February 2017 as the Record Date for the purpose of Payment of Second Interim Dividend, if any.

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Cabinet approves MoU between India and the United Arab Emirates on Institutional Cooperation in Maritime Transport
Jan 18,2017

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Memorandum of Understanding (MoU) between India and the United Arab Emirates on Institutional Cooperation in Maritime Transport.

The proposed MoU will pave way for facilitation and promotion of maritime transport, simplification of customs and other formalities, wherever possible, observed in Ports and facilitation of the use of existing installations for the disposal of waste.

The MoU will enable Shipping Companies in both countries to enter into bilateral and multi-lateral arrangements for sustainable trading activities.

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Hang Seng hugs psychologically key 23,000 level
Jan 18,2017

The Hong Kong stock market ended two and half a month high on Wednesday, 18 January 2017. The rally on the Hong Kong bourse comes as the British Prime Minister delivered her policy speech on Brexit on Tuesday, easing mounting concerns on how she planned to exit the European Union which sent the pound soaring overnight, as well as pushing up stocks with exposure to European market. The Hang Seng Index added 1.13% or 257.29 points to close at 23,098.26. The Hang Seng China Enterprises index, or the H-share index, rose 1.04% or 100.67 points to 9,802.86. Turnover increased to HK$68.5 billion from HK$50.7 billion on Tuesday.

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China Stocks gain on PBOC liquidity injection
Jan 18,2017

Mainland China stock market ended higher for second straight session on Wednesday, 18 January 2017, on the back of blue chips solid 2016 earnings projection and the central bank continued liquidity injection into the banking system as the Chinese New Year holiday approaches. Maret gains were, however, limited amid renewed weakness in small-caps and worries about Donald Trumps approach to Beijing. Sectors advanced across the board, with infrastructure stocks leading the gains. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.39% to close at 3,339.37. The Shanghai Composite Index added 0.14% to close at 3,113.01. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, declined 0.45% to 1864.59. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, shed 1.18% to 1,845.79 points.

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Japan Stocks settle higher after volatile ride
Jan 18,2017

The Japan share market settled higher after wavering above and below break-even throughout the day on Wednesday, 18 January 2017, thanks to bargain hunting and yen decent against major currencies. But market gained capped on caution ahead of the new presidents inauguration later this week as uncertainty continues to swirl around Mr. Trumps plans for taxes and spending. The benchmark Nikkei gained 0.43 percent, or 80.84 points, to end the day at 18,894.37, while the Topix index of all first-section issues rose 0.32 percent, or 4.76 points, to 1,513.86.

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Cabinet approves Alternative Mechanism to decide on the quantum of disinvestment in case of minority stake sale in CPSEs
Jan 18,2017

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has given its approval to Alternative Mechanism, who would decide on the quantum of disinvestment in a particular Central Public Sector Undertaking (CPSE) on a case by case basis subject to Government retaining 51 percent equity and management control. This is in addition to the present functions performed by Alternative Mechanism as has been approved by CCEA in August, 2014.

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Australia Market ends down for second day
Jan 18,2017

Australian share market ended down for second straight session on Wednesday, 18 January 2017, on tracking weak lead from Wall Street and European markets overnight, Most sectors lost ground, with shares in the Healthcare, Financials and Consumer Discretionary sectors leading losses. At the closing bell, the benchmark S&P/ASX 200 index declined 20.60 points, or 0.36%, to 5678.80, while the broader All Ordinaries index dropped 21 points, or 0.36%, to close at 5733.70.

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Rupee fades
Jan 18,2017

Rupee closed lower on Wednesday (18 January 2017) at 68.07/08 per dollar, versus its previous close of 67.9389/10 per dollar.

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Fiberweb (India) to consider Q3 results
Jan 18,2017

Fiberweb (India) announced that the Board of Directors of the company will meet on 30 January 2017 to consider and to take on record the un-audited financial results for 3rd quarter ended 31 December 2016.

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Patspin India Board to consider December quarter results
Jan 18,2017

Patspin India announced that a Meeting of the Board of Directors of the Company will be held on 12 February 2017, to consider among other matters, the Statement of Un-audited financial results for the quarter ended 31 December 2016.

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